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July Online Recruitment Activity Registers 13% Growth Over Last Year: Report

According to the Monster Employment Index, the banking, financial services, insurance (BFSI) sectors continued to exhibit long-term growth chart with a 43 per cent rise over last year.

IANS

Updated:August 5, 2017, 11:43 AM IST
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July Online Recruitment Activity Registers 13% Growth Over Last Year: Report
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New Delhi: Online recruitment activities in the month of July registered the highest year-on-year growth rate of 13 percent, a report said in New Delhi on Friday.

According to the Monster Employment Index, the banking, financial services, insurance (BFSI) sectors continued to exhibit long-term growth chart with a 43 per cent rise over last year. However, demand in the sector moved up by a marginal one per cent month-on-month during the period under review.

The report said the consumer goods, FMCG, food and packaged food sector witnessed a surge of 34 per cent in July from 33 per cent in June.

"India is on the verge of transformation due to digital disruption and implementation of GST as a major economic reform. This has led to a positive trend in online recruitment activity," Sanjay Modi, Managing Director, Monster.com, Asia Pacific and Middle-East, said in a statement.

"Banking, financial services and insurance sector has moved to a higher growth trajectory owing to digital disruption. However, e-recruitment in manufacturing has continued to be significantly below the corresponding period a year-ago," he added.

The city-wise data revealed that among metros, Kolkata (up 45 percent) continued to lead the long-term growth.

"Mumbai (up 12 percent) was the only tier-I city to exhibit double-digit annual growth followed by Hyderabad (up 6 per cent), while annual growth trend in Delhi-NCR (down 4 percent) exhibited the steepest decline," the report said.

"Chennai (down 2 percent) continued to hover below the corresponding period a year ago, while Bangalore (up 3 percent) continued to grow at the same annual growth rate as June 2017. Baroda (up 33 percent) followed by Ahmedabad (up 16 percent) recorded some of the steepest y-o-y growth," it added.

The Monster Employment Index, which was launched in May 2010 with data collected since October 2009, is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India.

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